What is Substrate Artificial Inteligence Gross Margin %?
Substrate Artificial InteligenceXMAD:SAI.B 6 Gross Margin % is 92.12% as of Dec. 2025, which is 9% above its 10-year median of 84.50. GuruFocus rates XMAD:SAI.B with a GF Score™ of 6/100 and a GF Value™ of €0.53 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,683 Software companies, Substrate Artificial Inteligence ranks better than 95.45% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Substrate Artificial Inteligence had a gross margin of 92.12% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Substrate Artificial Inteligence Gross Margin % Related Terms
Substrate Artificial Inteligence Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XMAD:SAI.B vs MSFT, ORCL, PLTR: Gross Margin % Comparison
For the Software - Infrastructure subindustry, Substrate Artificial Inteligence's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Substrate Artificial Inteligence Gross Margin % vs Software Industry
For the Software industry and Technology sector, Substrate Artificial Inteligence's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Substrate Artificial Inteligence's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Substrate Artificial Inteligence (XMAD:SAI.B) has a Gross Margin % of 92.12% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Substrate Artificial Inteligence and its competitors. This is near median its historical median of 84.50. Over the past decade, Substrate Artificial Inteligence's Gross Margin % has ranged from 66.87 to 125.38. According to the industry distribution chart, Substrate Artificial Inteligence ranks #122 out of 2683 companies in the Software industry, placing it in the top 4.5%.
Is Substrate Artificial Inteligence's Gross Margin % too high?
Substrate Artificial Inteligence's current Gross Margin % of 92.12% is near median its 10-year median of 84.50. Over the past 10 years, this metric has ranged from a low of 66.87 to a high of 125.38. The Software industry median Gross Margin % is 40.45. Substrate Artificial Inteligence's value of 92.12% is 127.7% above this industry median. Based on the distribution chart, Substrate Artificial Inteligence ranks #122 out of 2683 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Substrate Artificial Inteligence has a GF Score™ of 6/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Substrate Artificial Inteligence's Gross Margin % compare to MSFT and ORCL?
According to the Software industry distribution chart, Substrate Artificial Inteligence ranks #122 out of 2683 companies for Gross Margin %. This places Substrate Artificial Inteligence in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.45. Substrate Artificial Inteligence's value of 92.12% is 127.7% above this benchmark. Historically, Substrate Artificial Inteligence's own Gross Margin % has ranged from 66.87 to 125.38 over the past decade. While the company's 10-year median is 84.50 vs. the industry median of 40.45, Substrate Artificial Inteligence has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,683 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Substrate Artificial Inteligence's current Gross Margin % of 92.12% is 127.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Substrate Artificial Inteligence and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Substrate Artificial Inteligence's current Gross Margin % is 92.12%, which is near median its own 10-year median of 84.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Substrate Artificial Inteligence stock overvalued right now?
Based on GuruFocus' analysis, Substrate Artificial Inteligence (XMAD:SAI.B) is currently considered Possible Value Trap. The stock's GF Value™ is €0.53, compared to a current price of €0.13 — trading 75.1% below its estimated fair value. The current Gross Margin % is 92.12%, which is near median its 10-year median of 84.50 and 127.7% above the Software industry median of 40.45. Substrate Artificial Inteligence's overall GF Score™ is 6/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Substrate Artificial Inteligence (XMAD:SAI.B), the current Gross Margin % is 92.12% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Substrate Artificial Inteligence (XMAD:SAI.B) Overvalued in 2026?
Based on GuruFocus' analysis, Substrate Artificial Inteligence stock appears to be undervalued.
The current stock price of €0.13 is trading 75.1% below its estimated GF Value™ of €0.53.
GuruFocus considers Substrate Artificial Inteligence to be Possible Value Trap.
Key valuation signals for XMAD:SAI.B:
Gross Margin %: 92.12% (near median its 10-year median of 84.50)
GF Value™: €0.53 vs. price of €0.13 (75.1% below fair value)
Industry Position: 127.7% above the Software median (#122 of 2683)
No single metric tells the full story. See the XMAD:SAI.B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Substrate Artificial Inteligence Business Description
Substrate Artificial Inteligence SA is an Artificial Intelligence company in Spain. Its software is applied in agritech, energy, industry, fintech, human resources, or health sectors. Its technology is easy to implement and allows it to address all the problems faced by companies in the digitization and streamlining of their processes, optimizing decision-making and generating great cost savings.
6GF Score
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